The Financial Supervisory Service (FSS) had investigated the allegations of stock trading misconduct related to NeoSemitech in 2010 and discovered violations involving 13 individuals, which were then reported to the prosecution. Lee Chan-jin, the Governor of the FSS, confirmed this during a National Assembly audit of the Political Affairs Committee.
When asked by lawmaker Lee Hun-seung from the People Power Party to investigate the matter thoroughly, Lee Chan-jin explained that the issue was already concluded, and the statute of limitations had expired, making it challenging for the FSS to take further action.
Special Prosecutor Min Jung-ki is under scrutiny for allegations of making significant profits by selling NeoSemitech shares right before trading was suspended in 2010. Despite the company’s suspension and eventual delisting due to allegations of accounting fraud, the prosecutor reportedly profited from selling unlisted shares before trading was halted. However, with the statute of limitations elapsed, further investigation by the FSS appears unlikely.